The partnership, first outlined in a Memorandum of Understanding (MOU) at the 2023 Singapore Fintech Festival, has now culminated in the deployment of a live cross-border, stablecoin-powered payment system. The payment system has been made possible through the use of blockchain technology, including the Avalanche network, to power backend payment acceptance flows with Purpose Bound Money.

We are pleased to announce that StraitsX will be exhibiting at Singapore FinTech Festival 2024 (SFF), from 6-8 November at Singapore EXPO. Join us at Hall 3, Booth 3J11, where our team will be on hand to answer your questions about stablecoins, our suite of platform solutions, and any latest initiatives!

StraitsX is pleased to announce the integration of USDC Polygon within the StraitsX dashboard, providing enhanced accessibility to more stablecoins across multiple chains. With the addition of USDC Polygon, users can now access a more affordable and efficient network to manage their stablecoins and engage with the broader decentralised finance (DeFi) ecosystem.

We are pleased to share that the September 2024 attestation reports are now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all U.S Dollar denominated reserve assets backing the XUSD tokens. 

We are pleased to share that the September 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

Begin trading XSGD on Bitstamp. XSGD's listing on Bitstamp will significantly enhance its liquidity, enabling users and businesses to more easily access stablecoins for international transactions. This will allow faster settlement times, reduced transaction costs, and access to competitive exchange rates, making XSGD a powerful tool for seamless and cost-effective cross-border payment flows. 

Discover more on how blockchain technology transforms payments and finance with Tianwei Liu, CEO and Co-Founder of StraitsX, as he sits down with Asia Tech Podcast Episode 338. Topics include blockchain's programmability and interoperability, enabling instant settlements and smart contract customisation, which reduces delays and costs, particularly in cross-border payments.

We are pleased to share that the August 2024 attestation reports are now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all U.S Dollar denominated reserve assets backing the XUSD tokens. 

We are pleased to share that the August 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

We’re excited to announce that XSGD / USDC liquidity pools are now live on DEXs and other DeFi protocols with the Avalanche blockchain ecosystem, including Pharaoh and Xave. This development marks a milestone in our commitment to expanding the utility and accessibility of XSGD across multiple blockchain networks, offering users more seamless options for trading and liquidity.

As stablecoins continue to transform the digital assets landscape, we dive deep into how compliance and regulations serve as the backbone of fiat-backed stablecoin operations. Discover why a strong regulatory framework isn’t just a requirement, but a driver of trust and stability in the rapidly evolving digital payments landscape.

We are pleased to share that the July 2024 attestation reports are now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all U.S Dollar denominated reserve assets backing the XUSD tokens. 

We are pleased to share that the July 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

Leverage the Tron network for USDT transactions via the StraitsX platform! The integration of USDT (TRC-20) transactions via the StraitsX platform will offer greater cost-efficiency, with fixed transaction fees as low as 0.5 USDT for deposits and 2 USDT for withdrawals.

We have recently launched XUSD, the StraitsX U.S. Dollar stablecoin. Each XUSD is pegged to one United States Dollar and is designed to facilitate swift, global, and 24/7 payments. The launch of XUSD marks our continued expansion of stablecoin utility in digital payments. Discover how to get XUSD here.

We are pleased to share that the June 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all U.S Dollar denominated reserve assets backing the XUSD tokens. 

We are pleased to share that the June 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

We are pleased to announce that USD bank transfers are now supported for all Singapore and International StraitsX Personal and Business accounts. Users can convert USD to XUSD directly through their bank account via the StraitsX. In addition, users will also be able to redeem XUSD funds back as USD via our platform. Find out more about how to transfer in and out by watching the video below.

We are thrilled to announce that XUSD is now listed on MEXC! Users may choose to buy XUSD via credit/debit card purchase (Visa and Mastercard supported), peer-to-peer transfers, or engage in XUSD:USDT spot trading via the MEXC platform, with more trading pairs to be included in the future. Alternatively, StraitsX users can also directly Transfer Out XUSD to their MEXC wallet address.

We are thrilled to announce that StraitsX has secured MPI licences from the Monetary Authority of Singapore (MAS) to offer more comprehensive digital payment services. Additionally, we have also launched XUSD, the StraitsX U.S. Dollar-pegged stablecoin as part of its initiative to digitise currencies integral to global trade.

We are pleased to share that the May 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all U.S Dollar denominated reserve assets backing the XUSD tokens. 

We are pleased to share that the May 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

Learn more about stablecoins' role in the future of payment as Tianwei Liu, Co-founder and CEO of StraitsX, joins Breaking Banks Asia Episode 32 to share his insights. Topics include how StraitsX was started, the importance of collaboration with public and private industry partners, and how stablecoin-powered payment with blockchain technology can improve the outlook of cross-border payments.

StraitsX is proud to announce the expansion of XSGD, the StraitsX Singapore Dollar, to the Avalanche C-Chain. This strategic integration marks a significant milestone in enhancing XSGD’s interoperability, scalability, and utility within the DeFi ecosystem. Avalanche will be the fifth blockchain to incorporate XSGD, joining Ethereum, Polygon, Hedera, and Zilliqa

We are pleased to share that the April 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

We are pleased to share that the April 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all U.S Dollar denominated reserve assets backing the XUSD tokens. 

We are pleased to share that the March 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

We are pleased to share that the March 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all U.S Dollar denominated reserve assets backing the XUSD tokens. 

We are pleased to share that Tether (USDT) is now supported on the StraitsX platform for Singapore and International Personal and Business accounts. This latest development will allow users to seamlessly deposit, swap, store, and manage USDT. 

We are pleased to share that the February 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

Grab, Southeast Asia’s leading super app, recently introduced “Digital Payment Tokens” as an additional option for users to top-up their GrabPay Wallet. Digital assets available for top-up are BTC, ETH, USDC, USDT, and XSGD (The StraitsX Singapore Dolla

We are pleased to share that the first XUSD attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all U.S Dollar denominated reserve assets backing the XUSD tokens. 

We are pleased to share that the January 2024 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

We’re excited to share that StraitsX CEO and Co-founder, Liu Tianwei, will take the stage at Japan FinTech Festival 2024 to share more on the continuous innovation of a robust stablecoin infrastructure and blockchain technology to bring to market real-world use cases of stablecoins as a form of digital currency.

Discover more about StraitsX regulatory milestones after receiving IPAs from MAS with Tianwei Liu, CEO and Co-Founder of StraitsX, as he joins On Call Insignia Venture Podcast Season 6 Episodes 153 and 154. Topics include the importance of compliance in the digital asset industry and the impacts of the IPAs on the company, the Singapore and ASEAN region, merchants, and embedded finance platforms.

StraitsX is pleased to announce the deployment of the smart contract for XUSD on Ethereum. XUSD is to be built on the Ethereum protocol and issued as an ERC-20 token to address matters of interoperability, allowing XUSD to eventually grow at scale within one of the most widely adopted smart contract open-source platforms upon full public issuance.

We are pleased to announce that XSGD is now listed on Coinhako! Established in 2014, Coinhako is one of the most recognised wallets in Asia, implementing industry best security practices for users to store, transact, and trade a wide variety of cryptocurrencies via its Superwallet.

We are pleased to share that the December 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

Learn more about all things about stablecoins and their role in the crypto market with Kenny Chan, Head and General Manager of StraitsX, as he discussed in Blockcast EP.13 about XSGD and StraitsX 2024 plan.

We are pleased to share that the November 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

As we approach the conclusion of 2023 and usher in the new year of 2024, it provides us with a valuable opportunity as a company to reflect on the significant milestones attained throughout the year.

Xfers and StraitsX obtains In-Principle Approval under The Payment Services Act. The In-Principle Approval allows Xfers Pte. Ltd. to offer a wider scope of payment services going forward, and StraitsX Payment Services Pte. Ltd. to provide digital payment token services.

We are pleased to share that the October 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

StraitsX is pleased to announce a collaboration with Ant International and Grab to look into the potential for Purpose Bound Money (PBM) to be applied to cross border payments. PBM is a protocol that specifies the conditions upon which an underlying digital currency can be used and first introduced by MAS as part of Project Orchid.

The in-principle approval from MAS as a Major Payment Institution licence holder for digital payment token services allows StraitsX to issue stablecoins that are intended to be substantively compliant with MAS’ upcoming stablecoin regulatory framework.

Keep a lookout for various demonstrations of Purpose Bound Money (PBM) happening across different booths at Singapore FinTech Festival (SFF) 2023, held from 15-17 November 2023 at Singapore Expo. PBM is a concept first introduced by the Monetary Authority of Singapore (MAS) as part of Project Orchid, which enables special conditions to be specified when making transfers in digital money.

StraitsX is exhibiting at Singapore Fintech Festival (SFF) 2023

We are pleased to share that the September 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

USD bank transfer now available for all StraitsX Personal and Business accounts users

We are pleased to share that the August 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

Trust and security remain steadfast in StraitsX's processes. With the growing adoption of stablecoins, the need for mechanisms to address fraudulent activities or misconduct has also become increasingly apparent. Today, like most other major, trusted stablecoin issuers globally, StraitsX is able to support a ‘clawback’ functionality for stablecoin assets that have been issued.

StraitsX, a part of Fazz, is pleased to be a part of industry trials to demonstrate a commercial application for Purpose Bound Money (PBM). This will come in the form of NFT vouchers loaded with underlying XSGD value for payment of goods and services at over 200 merchants outlets. These NFT vouchers are set to be used by over 20,000 users from 7 September 2023 to 31 December 2023. 

We’re proud to announce that StraitsX will be a sponsor and exhibitor at TOKEN2049 Singapore, held from 13th – 14th September 2023, at Marina Bay Sands Expo and Convention Centre. 

StraitsX is partnering with BasedApp to release a BasedApp XSGD-Linked Visa Debit Card

We are pleased to share that the July 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

A Singapore-dollar denominated stablecoin such as XSGD holds immense potential in the global forex market due to Singapore’s strategic position as a financial hub, and its commitment to innovation and technology. In this blog post, we will explore how XSGD can contribute to the global forex landscape; driving efficiency, accessibility, and financial empowerment for traders and investors worldwide.

We are pleased to share that the June 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. ‍

Stablecoins have emerged as a game-changer in the realm of digital currencies. Their potential for broader adoption lies in their application within real-time gross settlement systems. By harnessing the efficiency, speed, and transparency of stablecoins, RTGS systems can evolve into more efficient, secure, and cost-effective mechanisms for financial transactions.

Explore how stablecoins can reshape the remittance industry, making cross-border transactions faster, cheaper, and more accessible for people around the world. Learn more about how StraitsX lowers the barrier to entry to DeFI and your cross-border remittance needs.

XSGD is now listed on Bittrex Global. Bittrex Global is a leading and established digital assets exchange platform that provides spot and futures markets for trading a wide variety of digital assets. Users may start to deposit and trade XSGD on the Bittrex platform with the XSGD/USDT trading pair currently available.

We are pleased to share that the April 2023 and May 2023 attestation reports are now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens.

We’re proud to announce that StraitsX will be participating at Point Zero Forum 2023, slated to be held later this month from 26th - 28th June 2023 in Zurich, Switzerland.The Point Zero Forum is a Policy-Technology dialogue which will convene 1,000 central bankers, regulators and industry leaders from around the world in a series of leadership dialogues, public-private roundtables, workshops and n

Stablecoins have become increasingly popular in recent years, as they offer the benefits of cryptocurrencies without the price volatility. When it comes to trading stablecoins, StraitsX Swap is emerging as the best option for traders. In this article, we will explore why StraitsX Swap is the ideal platform for stablecoin trades.

In the world of cryptocurrency trading, large trades can come with significant risks. Executing large stablecoin trades on a public exchange can result in price slippage, high transaction fees, and limited liquidity. This is where StraitsX OTC (Over-The-Counter) desk comes in, offering a more secure and private way to trade large amounts of stablecoins.

The StraitsX Singapore Dollar (XSGD) on Hedera is a stablecoin brought to you by StraitsX, a Southeast Asia based digital asset payment infrastructure. XSGD on Hedera offers the benefits of a Southeast Asian fiat-backed stablecoin to end-users and applications built on the Hedera network, enabling instant cross-border settlement and high transaction scalability.

XSGD is the first Southeast Asian fiat-backed stablecoin to launch on Hedera’s carbon negative network

Are you looking for a fast and cost-effective way to trade stablecoins? StraitsX has you covered with its Swap feature. In just a few easy steps, you can swap between XSGD and USDC, without the need for an exchange or a middleman.

Stablecoins like XSGD and USDC have become increasingly popular in the cryptocurrency market as they offer users a stable store of value that can be used for transactions, trading, and hedging against market volatility. However, even stablecoins are not immune to risks. Fortunately, Swap features offered by StraitsX can help users hedge against these risks and protect their investments.

At StraitsX, the security of your funds is our top priority. We understand that you've worked hard for your money, and we're committed to keeping it safe.

We are pleased to share that the March 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens.

With significant periods of volatility in the crypto market over the years, investors have been hesitant to enter the market, for fear of risks associated with investing in unstable conditions. Can non-USD stablecoins help mitigate these risks, and offer stability for investors and players within the DeFi ecosystem?

We are excited to announce the launch of StraitsX Swap, a new feature that allows verified Singapore and international StraitsX Personal and Business Account holders to easily swap between stablecoins with just a few clicks within their account dashboard. StraitsX Swap is fee-free and allows near-instant execution of trades between XSGD and USDC.

Over-the-counter (OTC) trading is a popular method of trading assets that are not listed on traditional exchanges. However, OTC trading has some challenges, such as slow settlement times, high fees, and limited access to new markets. These challenges can be overcome with stablecoins.

We are excited to share that StraitsX Personal Account signups are now open to users beyond Singapore and Indonesia. Users across the globe will now have access to interact and transact in the world of stablecoins such as XSGD and USDC, across different DeFi protocols.

We are pleased to share that the February 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens.

In truth the blockchain and AI do not share much in common. They are both leading today’s innovation and technology trends but otherwise act entirely differently. The blockchain acts as secure storage and is decentralised, and is transparent and immutable. AI on the other hand, is typically centralised, fast-evolving and opaque. 

 As we continue to monitor the situation, USDC services will remain paused to ensure the stability of our platform. There is no impact on XSGD reserves, StraitsX has no direct exposure to Silicon Valley Bank, Silvergate Bank or Signature Bank. XSGD remains 100% placed in cash reserves custodised in a licensed banking institution in Singapore. We provide monthly third party ISCA audited attestation

StraitsX Indonesia provides a suite of solutions for Indonesian users looking to receive XIDR, the StraitsX Rupiah stablecoin, in their StraitsX account. The new methods include bank transfers, QRIS, and retail payments, providing users with greater flexibility and convenience.

We are pleased to share that XSGD holders may earn an additional 3% annualised return on XSGD deposits into the XSGD/USDC “Fuel The Market” strategy via Dezy.

We are pleased to share that the January 2023 attestation report is now available. Issued by a certified public accountant in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens.

We are pleased to announce that XSGD trading pairs are now also available on Coinstore, following the platform’s addition of XIDR trading pairs earlier this month. Coinstore users may start depositing and trading XSGD/USDT or XIDR/USDT pairs on either the ERC-20 or Polygon (MATIC) networks.

We are pleased to share that the November 2022 attestation reports are now available. Issued by a certified public account in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. 

Verified StraitsX Indonesia users can now easily convert cash into XIDR using retail payments at popular convenience stores such as Alfamart Group and Indomaret.

XSGD trading pairs are now available on ABCC Exchange. Deposit and trade XSGD on the ABCC platform with the XSGD/USDT and XSGD/USDC pairs today.

Receive exclusive prizes from us when you trade with StraitsX OTC. The StraitsX OTC desk offers fee-free block trades of XSGD with other stablecoins including XIDR, USDC, USDP and BUSD. Trades start from 50,000 USD and receive your desired stablecoin direct to your StraitsX account or your preferred blockchain address.

We have removed XSGD Daily Holding and Annual Spending limits for all StraitsX Personal accounts.

USDC is now supported on StraitsX Earn. StraitsX Business accounts can begin using the StraitsX Earn function to earn 2% APY on their USDC.

As we bid farewell to another year, it's a great opportunity to look back on all that we've accomplished together over the past 12 months.

We are pleased to share that the November 2022 attestation reports are now available. Issued by a certified public account in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. 

XIDR pair is now available at Coinstore. Coinstore is a Singapore-based digital assets exchange that provides spot and futures markets for trading a wide variety of digital assets.

We are pleased to share that the October 2022 attestation reports are now available. Issued by a certified public account in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. 

StraitsX, a part of Southeast Asia digital financial services group, Fazz, a Major Payment Institution in Singapore announced today that it has partnered with Circle Internet Financial, a global financial technology firm and the issuer of USD Coin (USDC) and Euro Coin (EUROC), to promote greater access and adoption for USDC by enabling its personal and business account users to deposit and receive

Through real-world use case applications with IDEMIA, Hedera, Mastercard and Carbonseed.Earth, StraitsX provides insights into the benefits stablecoins can bring to trade and commerce

The collaboration will contribute towards an innovative, interoperable, and inclusive digital currency infrastructure leveraging on an open-sourced blockchain.

We are pleased to share that the September 2022 attestation reports are now available. Issued by a certified public account in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. 

You can now link and whitelist your WalletConnect to StraitsX today! Whitelisting your wallet address lifts the Transfer Out limit of 50 XSGD, and also enables XSGD Transfer Ins to be credited automatically to your Account Balance.

We are pleased to share that the August 2022 attestation reports are now available. Issued by a certified public account in Singapore, through a process in accordance with the Institute of Chartered Accountants (ISCA) standards, the reports outline all Singapore Dollar denominated reserve assets backing the XSGD tokens. 

StraitsX APIs are ready-built, developer-friendly solutions to help businesses collect, disburse and reconcile customer funds. Businesses in Indonesia can leverage powerful payments and payouts infrastructure to facilitate fiat and token transactions for their platform.

We’re proud to announce that StraitsX will be a sponsor and exhibitor at Indonesian Blockchain Conference, hosted by the Indonesian Blockchain Association and all of its ecosystem members. The conference is held on 15 September 2022.

Find out the Polygon blockchain is about and what you can do with Polygon XSGD and XIDR